10-Year Treasury Yield Near 24-Year High as Pimco Warns of 6%
- —10-year Treasury yield at 5.29%, peak 5.34%, highest since 2002
- —Yields up roughly 120 basis points this year
- —Pimco: a move above 5.5% would hit credit and equity markets
- —US 30-year fixed mortgage rate rose to 7.40%
Why it matters: Rising Treasury yields pull capital away from crypto and pressure risk assets; the 5.5–6% zone is the key trigger for a broader selloff.
Source: Cryptonews.net